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Board meeting companies act 2013

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15 March 2015 As per section 173, 4 Board meeting shall be held in 1 calendar year and not more than 120 days shall pass between 2 Board Meetings. So can Board Meetings be held on 1st Jan, 10th Jan, 20th Jan, 30 Jan? Are the Company law provisions complied? The law of 120 days is for BMs held in 1 calendar year or for all BMs held by the company?
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Nayak

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Nayak (Expert)
16 March 2015 Section 173 of the CA Act 2013 does not say "calender year".

As per section 173, 4 Board meeting shall be held every year and gap shall not exceed 120 days.
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